iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Down 27.8% in July

iShares MSCI Australia ETF (NYSEARCA:EWA) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,360,000 shares, adecreaseof27.8% from the July 15th total of 3,270,000 shares. Currently,4.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,988,800 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 1,988,800 shares, the short-interest ratio is currently 1.2 days. Currently,4.2% of the shares of the company are short sold.

iShares MSCI Australia ETF Stock Performance

Shares of EWA opened at $26.61 on Wednesday. The company has a 50-day simple moving average of $26.35 and a 200-day simple moving average of $25.08. The firm has a market capitalization of $1.50 billion, a P/E ratio of 19.89 and a beta of 1.01. iShares MSCI Australia ETF has a 52 week low of $20.50 and a 52 week high of $27.23.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC acquired a new position in shares of iShares MSCI Australia ETF during the first quarter valued at about $35,000. Tower Research Capital LLC TRC raised its position in shares of iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 1,550 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of iShares MSCI Australia ETF during the first quarter valued at about $42,000. Coppell Advisory Solutions LLC raised its position in shares of iShares MSCI Australia ETF by 141.9% during the fourth quarter. Coppell Advisory Solutions LLC now owns 2,339 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 1,372 shares during the last quarter. Finally, Simplex Trading LLC acquired a new position in iShares MSCI Australia ETF in the second quarter worth about $71,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).